Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
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Fundraising for PE & VC Funds
$276M
Second fund
Audax Private Debt
$1B
Direct lending
CV Bridge Growth Partners
$790M
Single-asset CV for infrastructure software firm Solace
Corbin Capital Partners
$342M
Litigation finance fund
Global Millennial Capital
$100M
Inaugural IPO Opportunities Fund Mid
Ocean Partners
$300M
Single-asset CV for Cloyes Gear and Products
Restive Ventures
$45M
Third fund
THL Partners
$6.35B
Tenth flagship buyout fund
Twin Bridge Capital Partners
$855M
Sixth lower middle market fund
Wisdom Ventures
$77.7M
Second fund
Private Equity Deals
Pye-Barker Fire & Safety
AAA Fire Extinguisher Co.
Undisclosed amount
Lubbock, TX-based provider of inspections for portable fire extinguishers and fire suppression systems
Leap Partners
Air Hawk Heating & Cooling
Undisclosed amount
Odessa, FL-based HVAC firm
Long Lake Capital
American Express Global Business Travel
$6.3B
New York City, NY-based software and services company for travel, expense and meetings & events
Med Tech Solutions
Avarion
Undisclosed amount
Dunmore, PA-based advisory for hospitals, health systems and care networks
Infoblox
Axur
Undisclosed amount
Miami, FL-based network software management company
JLL Partners
CAI
Undisclosed amount
Indianapolis, IN-based professional services firm for life sciences
Carlyle and Diversified Energy Co.
Camino Natural Resources
$1.2B
Denver, CO-based independent oil and natural gas company
CareTria
CaryHealth
Undisclosed amount
Washington, DC-based digital pharmacy
Miller Environmental Group
Central Ohio Oil
Undisclosed amount
Columbus, OH-based provider of non-hazardous waste treatment services
Traffic & Mobility Consultants
Chindalur Traffic Solutions
Undisclosed amount
Jacksonville, FL-based firm serving public agencies and private developers
CQ Medical
Decimal
Undisclosed amount
Sanford, FL-based maker of beam shaping devices for cancer treatment
Infinite
Dukas Linden Public Relations
Undisclosed amount
New York City, NY-based public relations firm
Blue Ridge Associates
Economic Group Pension Services
Undisclosed amount
New York City, NY-based retirement plan services firm
Boyne Capital
H&B Facility Services
Undisclosed amount
Lake Hiawatha, NJ-based commercial cleaning and facility services company
Entwistle
Hales
Undisclosed amount
Clayton, NC-based maker of components and machinery systems for the U.S. military
Platinum Equity
Infratech
Undisclosed amount
Gardena, CA-based infrared electric heating company
Carlyle
Knack RCM and EqualizeRCM
Undisclosed amount
Woodbridge, NJ and Austin, TX-based health care RCM (revenue cycle management) providers
Montage Partners
Lighten Up
Undisclosed amount
Los Angeles, CA-based lighting design and technical production company
Hidden River
NEC
Undisclosed amount
Houston, TX-based manufacturer of PVC-coated electrical conduit and fittings
Strategic Value Partners
New Frontera Holdings
Undisclosed amount
Mission, TX-based 530-megawatt natural gas-fired combined-cycle generation facility
Colorado Premium
Old Hickory Smokehouse
Undisclosed amount
Lewisburg, TN-based smoked meats maker
Bain Capital, Sixth Street, and Harvest Partners Structured Capital
Power Home Remodeling
Undisclosed amount
Chester, PA-based exterior home remodeler
Liberty Waste Solutions
Randolph County Garbage Services
Undisclosed amount
Asheboro, NC-based residential subscription waste collector
GI Partners
Rose BioSolutions
Undisclosed amount
Rockville, MD-based provider of advanced manufacturing capabilities across the cell and gene therapy space
Cerberus
S+S Industries
Undisclosed amount
Houston, TX-based maker of power equipment for data centers
COEO Solutions
S-Net Communications
Undisclosed amount
Schaumburg, IL-based cloud security company
PlayMetics
SportsEngine
Undisclosed amount
Minneapolis, MN-based youth sports app
Siris
Takkion
Undisclosed amount
Evansville, WY-based services provider to the renewable energy industry
Greater Sum Ventures
Tapin2
Undisclosed amount
Pasadena, CA-based provider of self-service, suite catering and mobile ordering technology for sports and entertainment venues
Healthcare Linen Services Group
Texas Textile Services
Undisclosed amount
Houston, TX-based provider of health-care linens and laundry services
Allied Industrial Partners
Trinity Industrial
Undisclosed amount
Broussard, LA-based industrial and energy equipment rental and specialty services company
Virginia Green
Turf Solutions
Undisclosed amount
Harbeson, DE-based residential lawn care company
NextPoint Group
UScontracting
Undisclosed amount
Odenton, MD-based provider of cybersecurity and other software for the intelligence community
Arete Health
Virginia Rehabilitation & Wellness and Summerville Physical Therapy & Balance for Adults
Undisclosed amount
Chantilly, VA-based and Summerville, SC-based physical therapy centers
Venture Capital Deals
Blackstone
Anagram Therapeutics
$250M
Natick, MA-based biotech focused on pancreatic insufficiency
Snowpoint Ventures, Franklin Templeton, a16z, BlackRock, Ballie Gifford, Fidelity, BAM Elevate, Nimble Partners, and Friends & Family Capital
Astranis
$300M
San Francisco, CA-based commercial satellite company
Sea, Sequoia Capital, Google, Nvidia, LG Ventures, Dentsu Ventures, and Conviction Embed
Astrocade
$56M
Palo Alto, CA-based games creation platform
Northzone, PSG, Battery Ventures, Jump Capital, NFX, Link Ventures, Flybridge, Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures
Blitzy
$200M
Cambridge, MA-based autonomous software development firm
Glilot Capital, NFX, and SignalFire
CopilotKit
$27M
Seattle, WA-based app-native agent deployment platform
TCV, Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, and Global Growth Fund
Corgi
$160M
San Francisco, CA-based insurer for startups
N47, Gradient, Tandem Venture, and Rigby Watts
Enzo Health
$20M
Lehi, UT-based post-acute care startup
Coatue, a16z, Sequoia Capital, IVP, Paradigm, Morgan Stanley, and ARK Invest
Kalshi
$1B
New York City, NY-based predictions marketplace
DCVC, Lions Capital, Gates Foundation, ATHOS KG, Germin8, Ki Tua Fund, and Pangaea Ventures
Kanvas Biosciences
$48M
Princeton, NJ-based developer of precision microbiome therapeutics
8VC, DCVC Bio, BioAdvance, Benjamin Franklin Technology Partners, Modi Ventures, Gaingels, Hatch BioFund, Korea Development Bank, and Helen’s Pink Sky Foundation
Latus Bio
$43M
Philadelphia, PA and Boston, MA-based gene therapy startup
GL Ventures
LTZ Therapeutics
$38M
Redwood City, CA-based immunotherapy biotech
Industrious Ventures, Type One Ventures, Eniac Ventures, and Promus Ventures
Lunar Outpost
$30M
Denver, CO-based developer of a moon rover
Walden Catalyst and General Catalyst
Nace.AI
$21.5M
Palo Alto, CA-based startup that helps businesses build specialized AI models
Chemistry, Accel, Conviction, and SAP.io
Nova Intelligence
$31M
San Francisco, CA-based AI platform for SAP development and migration
Peter Thiel, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Group, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund, and the Intrepid Oregon Fund
Panthalassa
$140M
Portland, OR-based developer of tidal-powered data centers
NFX and Future Ventures, Base4, ADVentures, and Stanford University
Pumpkinseed
$20M
Palo Alto, CA-based protein sequencing startup
Accel, Spark Capital, NVentures, Salience Capital, A&E Investments, HOF Capital, Walden Catalyst Ventures, AMD, LDV Partners, WTT Investment, and MediaTek
RadixArk
$100M
Palo Alto, CA-based startup seeking to make makes AI inference and training more efficient
KKR, Bain Capital Ventures, and Flourish Ventures
Reserv
$125M
New York City, NY-based property and casualty insuretech
Tiger Global, GV, Benchmark, Sequoia, and Greenoaks
Sierra
$950M
San Francisco, CA-based provider of custom AI agents for enterprise customer service
A16z, Foundation Capital, Myriad Venture Partners, and Osage University Partners
Tessera Labs
$60M
San Jose, CA-based ERP modernization platform
Accenture, NVentures, Liberty Global, Samsung, and SentinelOne
XBOW
$35M
Seattle, WA-based autonomous offensive security startup